After pullback, new-vehicle inventory rises again, to 2.8 million
After a one-month pullback, new-vehicle inventory levels in the U.S. returned to their long-term trend and rose in February to 2.8 million, according to data from Cox Automotive and the Automotive News Research & Data Center......»»
Mirror supplier Gentex"s Q1 net income rises 11% to $108 million, revenue reaches record $590 million
CEO Steve Downing credited the strong first quarter with increased take rates of mirrors with advanced features and technology......»»
Service customer arrested at gunpoint after dealership lost paperwork, suit says
A Kia dealership in California is being sued for reporting a vehicle as stolen after it misplaced the agreement loaning it to a customer who was having repair work done......»»
Tesla"s recall of 2 million vehicles for Autopilot issues being probed by NHTSA
The agency wants to know if Tesla's December recall of more than 2 million vehicles to install new Autopilot safeguards is adequate......»»
Canadian government plans to amend legislation to allow detained migrants to be held in federal prisons
The Canadian government recently proposed earmarking $325 million in the 2024 federal budget to upgrade federal immigration detention centers to hold more people. The budget also proposes to amend the law to allow federal prisons to be used to detain.....»»
Tesla"s recall of 2 million vehicles for Autopilot issues now being probed by NHTSA
The agency wants to know if Tesla's December recall of more than 2 million vehicles to install new Autopilot safeguards is adequate......»»
Service customer arrested at gunpoint after dealership lost paperwork
A Kia dealership in California is being sued for reporting a vehicle as stolen after it misplaced the agreement loaning it to a customer who was having repair work done......»»
Breaking down the numbers: Cybersecurity funding activity recap
Here’s a list of interesting cybersecurity companies that received funding so far in 2024. Aim Security January | $10 million Aim Security raised $10 million in seed funding, led by YL Ventures, with participation from CCL (Cyber Club Lond.....»»
NASA"s Deep Space Optical Communications demonstration transmits data over 140 million miles
Riding aboard NASA's Psyche spacecraft, the agency's Deep Space Optical Communications technology demonstration continues to break records. While the asteroid-bound spacecraft doesn't rely on optical communications to send data, the new technology ha.....»»
Psyche spacecraft sends data back to Earth using lasers for the first time
NASA's experimental laser communication system, riding along with the Psyche spacecraft, has transmitted Psyche data from over 140 million miles away......»»
CarNow eyes expansion, possible acquisitions after debt financing
CarNow, maker of digital retailing platforms for dealerships, plans to use $40 million in new debt financing to accelerate product development and pursue further market expansion......»»
How worrying is bird flu"s jump to dairy cows? Here"s what experts say
Since 2022, a highly contagious strain of bird flu has spread across the U.S. at an unprecedented rate, resulting in the deaths of more than 90 million birds in commercial and backyard poultry flocks, plus thousands more in the wild......»»
Family farms are fast disappearing: Research shows how young generations can take them up successfully
While some might think that family-run farms are a thing of the past, they are in fact the dominant business model in Europe. In 2020, they accounted for slightly more than 9 in every 10 of the EU's 9.1 million farms......»»
VinFast founder commits $1 billion as EV maker bleeds cash
Vietnamese billionaire Pham Nhat Vuong pledged to invest at least another $1 billion of his personal wealth into VinFast Auto Ltd., providing the capital needed for expansion of the struggling electric vehicle maker......»»
Pretax charges drop Sonic Automotive"s Q1 net income
The company said $7 million in pretax charges contributed to a 12 percent dip in first-quarter net income......»»
Mobileye quarterly loss widens, revenue plunges as chip orders decline
Mobileye Global reported a sharp fall in first-quarter revenue on Thursday, hurt by fewer orders for its driver-assistance chips as clients rein in spending amid an uncertain economy and excess inventory. .....»»
Asbury Q1 net income slips 19%; $4.2 billion in revenue sets record
Asbury Automotive Group produced $147.1 million in net income during the first quarter, down 19 percent from a year earlier as falling profit margins offset rising vehicle sales and revenue......»»
Sublime Security secures $20 million to strengthen cloud email security and visibility
Sublime Security has raised $20 million in Series A funding, led by Index Ventures with participation from previous investors Decibel Partners and Slow Ventures. Cybersecurity visionary and Crowdstrike Co-founder & former CTO Dmitri Alperovitch is al.....»»
Dropzone AI raises $16.85 million to combat advanced AI attacks
Dropzone AI has raised $16.85 million in Series A funding. Theory Ventures led the round, adding to their cohort of existing investors Decibel Partners, Pioneer Square Ventures, and In-Q-Tel (IQT). Carta CISO Garrett Held, Head of Security at Postman.....»»
Blowout deals: grab a 24-inch iMac for $799 while supplies last
Apple resellers are clearing out iMac inventory this week, with staggering discounts on the M1 24-inch iMac that knock up to $700 off.Kicking off the sale, Amazon-owned Woot has the standard model with a 7-core GPU, 8GB of unified memory and a 256GB.....»»
Continental fined $107M over role in diesel-emissions scam
German prosecutors issued the fine over the company’s participation in the scam via selling more than 12 million engine control units that automakers, including Volkswagen Group, used to manipulate emissions......»»